Part I

Betting

Contributions for benefit of horse racing by bookmakers and Totalisator Board

Profits as a bookmaker
27A
A bookmaker’s profits on leviable bets for a levy period are—
S M + O A − W
where—
- SM is the aggregate of the stake money falling due to the bookmaker in the levy period on leviable bets;
- OA is aggregate of any other amounts accruing to the bookmaker in the levy period in connection with leviable bets;
- W is the aggregate of any winnings paid by the bookmaker in the levy period in respect of leviable bets (irrespective of when the bets were made or determined).
Act repealed with savings (1.1.2007 for the repeal of Sch. 2 para. 10, 1.9.2007 in so far as not already in force) by Gambling Act 2005 (c. 19), ss. 356(3), 358(1), Sch. 17 (with ss. 352, 354); S.I. 2006/3272, art. 2(1), Sch. 1 (with arts. 7-12, Sch. 4); S.I. 2006/3272, art. 3 (as amended by S.I. 2007/2169, art. 4)
Ss. 27A-27E inserted (25.4.2017) by The Horserace Betting Levy Regulations 2017 (S.I. 2017/589), reg. 1(2), Sch. para. 5 (with reg. 2)